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Posted: Fri Jan 23, 2015 9:39 pm
by cerberus
both my wife and I have entered into IVA's. Is it correct that any joint debt appears as full debt on both our financial statements
Posted: Fri Jan 23, 2015 9:41 pm
by relieved33
It did on ours, yes.
Posted: Fri Jan 23, 2015 10:22 pm
by Foggy
They do, yes. But it is unlikely that you will actually overpay unless you get close to 100% dividend (ie pay back all of the original debt) in which case any surplus over the actual debt will be shared among other creditors.
Posted: Fri Jan 23, 2015 10:25 pm
by cerberus
Many thanks for your reply Foggy